Riyadh - Mubasher: Nofoth Food Products Company settled the final price for its offering on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) at SAR 150 per share.
The offering was oversubscribed by 342.69% during the subscription period which took place during 18-22 December 2022, according to a bourse disclosure.
Yaqeen Capital, the financial advisor and lead manager for the offering, noted that it will unveil the date for listing Nofoth Food’s shares after fulfilling the required procedures with Tadawul.
Earlier in December, the company set the price range for its Nomu offering at SAR 135-150 per share.
Last October, the Capital Market Authority (CMA) passed Nofoth Food’s request to trade 288,000 shares, which represented 12% of its share capital.
